Chart Patterns
Base
Also called: bases, flat base, basing, prior base
A sideways consolidation on the weekly chart where a stock digests a prior move before breaking out. The longer and tighter the base the more powerful the move that comes out of it tends to be, because all of that time going nowhere is building energy as weak holders give up and institutions quietly accumulate.
On the Chart
In Context
“BE held last week's wick and the small base after the daily gap, looks strong”
“DAVE move feels similar to CLS, big base with all-time high above it”
“AMAT VCP-style contraction gave nice base structure for breakout”
Level to Manage Risk > Setup·Digest
“NBIS model book base with higher lows, favorite chart out there right now”
Level to Manage Risk > Setup·Digest
“But both had clear levels to manage risk, AMAT had the base pivot and TER had the daily low.”
Level to Manage Risk > Setup·Digest